The bonanza is a window into just how extreme the federal largess was. It's only pouring fuel on an inflation spiral the fet is now trying to quell. Am, at the same time, we are also seeing states float a lot of tax cuts,. So that also ads to the questions about, am, whether states could be making inflation a worse man.
Bloomberg News Macro Strategist Cameron Crise recalls major market bottoms over the last seven decades and finds that there hasn’t been a major market bottom that’s looked quite like the current state of play. Bloomberg News Municipal Finance Reporter Amanda Albright explains that pandemic rescue money has been doled out to the likes of racehorse owners and influencers. Bloomberg Businessweek Editor Joel Weber and Bloomberg Opinion Columnist Justin Fox discuss Justin's Businessweek Magazine story Tighter Labor Market Makes Restaurants More Like Factories. And we Drive to the Close with John LaForge, Head of Real Asset Strategy at Wells Fargo Investment Institute.
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